Fear – noun– an unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat. I didn’t think I was scared of spiders until I came face to face with the largest spider I had ever seen before. I was in California talking to my wife on …
Fearless Funding: Are You Scared of Spiders or a Web of Credit Denials? Read More »
Funding Your Business The boot-strap method of financing your business—tapping into your savings, retirement, or refinancing your mortgage for all the available capital possible—can be enough to get your business off the ground, but then what? Growing businesses require more funding, and when 82% of failed businesses cite cash flow problems as a cause, it …
I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with an online loan versus a bank loan, yet many …
Startup businesses are tricky. Some advice is to never stop searching for capital to grow your business. Some advice is to only secure the funding necessary to get a product out, then start another round of fund raising. There is no one right answer, and the options presented to entrepreneurs for business funding can be …
As a small business owner, you are faced with endless options for business funding. You’ve probably considered a bank loan, a line of credit, an online loan, crowdfunding, bootstrapping, or even a merchant cash advance. Maybe you’ve even considered receivables funding like invoice factoring. There is a stigma that the cost of factoring can be …
According to the Wells Fargo Small Business Index, $10,000 is the average amount of startup capital required by a small business owner. Acquiring and managing your working capital is crucial when it comes to running a successful small business. Unfortunately, since companies need to deal with payroll, operating expenses, and all the other financial aspects …
Small Business Help: 3 Great Strategies For Working Capital Funding Read More »
Every business must be concerned with the amount of working capital it has. Working capital is used to take the proverbial pulse of your company’s finances. You’ll know that you don’t have enough when you can’t pay your current obligations with the cash you have in the bank. If that’s the case, working capital loans …
When a business owner has a bankruptcy on record or is currently restructuring due to insolvency, traditional lenders will shut their doors. Bankruptcies do not stop factoring companies from purchasing invoices. Eagle Business Credit evaluates the credit of your clients, not your business. Rather than seeking high interest loans from online lenders, sell your receivables …
Every business has short and long-term capital needs that must be met through incoming revenues. If your business has more income than expenses, it’s profitable. However, even a profitable company can have temporary cash flow problems if it doesn’t have enough working capital. Here is how to estimate your working capital requirements.
You finally did it. You dropped everything, you worked hard for years, you planned everything out, and now you are opening your very own small business. This is an exciting time, but it is crucial that you continue to work hard and take it seriously. Even with all the enthusiasm and best intentions in the …
3 Common Mistakes That Small Business Owners Make Read More »
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Bob Wellenstein
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Mike Pedersen
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mpedersen@eaglebusinesscredit.com